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The firm is looking to match the size of its predecessor, which closed in 2023 with $22 billion in capital commitments.
SecondaryLink outlines the IRR and MOIC of several secondary funds managed by Blackstone.
The Sydney-based manager has launched its inaugural fund, targeting investments across five AI growth vectors.
The India-focused vehicle has a target size of $75 million and will allocate capital across primaries, secondaries, and co-investments.
This will be the first of several planned vehicles aimed at advancing secondary market activity, primarily in the Japanese market.
The firm plans to adjust the fee structure in its flagship secondaries funds to better align with prevailing market practices.
The newly launched firm provides liquidity solutions for energy and infrastructure sponsors and management teams.
The firm's secondaries business topped the $100 billion AUM milestone during the first quarter.
The firm's tenth vehicle, which is targeting at least $22 billion in size, arrives as Blackstone's secondaries deployment reaches record levels.